14 Nov '11, 12am

Japan GDP grows 6% in July-September

TOKYO: Japan's economic growth surged in July-September as efforts to restore supply chains and make up for lost output in the wake of the March disasters helped Japan to its first expansion in four quarters. The economy's first growth since the March earthquake, tsunami and subsequent nuclear crisis came as companies such as automakers ramped up production. The world's third-biggest economy grew by an annualised 6.0 per cent in the July-September quarter, preliminary data showed Monday, the fastest pace since January-March 2010. The result was largely in line with market expectations. On a quarterly basis, gross domestic product grew 1.5 per cent in July-September, the data showed. Japanese GDP data is subject to constant revision, however. Improving exports were the biggest contributor to GDP growth in the third quarter, a government official said, followed by private co...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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